Capitalism Essay -- essays research papers

CapitalismToday in the United States, a forgive market arrangement or capitalism is themain economic system. I am interested in this subject because I someday entreat toown my own business. I believe that in the future this root allow for be veryuseful to me. Among the topics that I will talk about ar the greeks and romansearly practices of capitalism, the themes of Joseph Schumpeter, Rush Limbaugh,and Karl Marx, corporations, regulation by the government, and Reaganomics. Iwill also discuss the relationship between inflation and unemployment. Inaddition, I will give my own perspective on the economic theories that Impresenting. These are just a few of the things that I will be discussing in thispaper.HISTORY OF CAPITALISMMany of the institutions of capitalism can be traced blanket to Greek andRoman times. Things such as trade, moneyl terminationing, and insurance were well cognizepractices to them. Unfortunatly, growth of the Roman Empire prevented furtherdevelopment of a hidden business class. As power over economic growth came congest to the people or lords during the Middle Ages, modern capitalism started toevolve. (The Software Toolworks Illistrated Encyclopedia)In the late Middle Ages, the medieval scrimping was based on MANORALISM.This system said that peasants worked on the land that the lords owned, buteverthing that was produced by them was kept in return they had to performservices or pay dues to on that point lord. During this time period, there was noincentive to produce large and productive resources. The end of the midievalManoralism was brought about by a larger demand for goods. Kings competedagainst lords, and lords competed with peasants for the rights to what wasproduced. As a result, there was an emergence of merchants and businessmen whoaccumulated large sums of capital. In addition, there was also a largeemergence of banks and the start of corporations. (Galbraith Pg. 58)The only early(a) economic system that got much att ention was a new ideacalled Communism. A soul named Karl Marx wrote a book called the CommunistManifesto which perspective of the state as being the main controller of economicgrowth, different capitalism where the people in a free market are the maincontrollers of economic growth. In the 19th century when most of the demesne ilkBritan, France, Germany, and the United States were in the age of ... ... get elected to bepresident is because he plays the game of class warfare. Clinton did a good think overof convincing the poor and the middle class that Reagan did them wrong. Clintonbelieves that the rich should be punished by higher taxes. I ask you, "whyshould you punish prosperity?" The main goal of the liberals and Bill Clintonis the reditribution of wealth. The key question to ponder is, " when doprofits become unfair and excessive?" (Limbaugh Pg. 118-119)In conclusion, capitalism is the topper thing to help the United Stateseconomy grow. The entrepreneur is the person who makes this economy rumsmoothly and profitably. A creative person at the foreman of a company can do alotmore than a person who is at the head of a state-runned bureaucracy. This istrue because the entrepreneur has incentive to do the job correctly, but thebureacrat has none because he knows that his job will still be there tomorrow nomatter how he performs. I will agree that pure capitalism wont work becauseyou still command environmental laws and other laws to protect the consumer.However, problems begin when extreme socialistic views like Bill Clintons areimposed.